The stock of Arotech Corporation (NASDAQ:ARTX) is a huge mover today! About 495,978 shares traded hands or 180.41% up from the average. Arotech Corporation (NASDAQ:ARTX) has risen 15.05% since March 3, 2016 and is uptrending. It has outperformed by 6.71% the S&P500.
The move comes after 5 months positive chart setup for the $90.90M company. It was reported on Oct, 6 by Barchart.com. We have $6.30 PT which if reached, will make NASDAQ:ARTX worth $79.08M more.
Analysts await Arotech Corporation (NASDAQ:ARTX) to report earnings on November, 14. They expect $-0.01 earnings per share, down 150.00% or $0.03 from last year’s $0.02 per share. After $-0.03 actual earnings per share reported by Arotech Corporation for the previous quarter, Wall Street now forecasts -66.67% EPS growth.
According to Zacks Investment Research, “Arotech Corporation operates two business divisions: Electric Fuel Batteries — developing and manufacturing zinc-air batteries for military and homeland security applications and developing electric vehicle batteries for zero emission public transportation; and Arotech Defense — consisting of IES Interactive, which provides advanced high-tech multimedia training systems for law enforcement and paramilitary organizations, MDT Armor, which provides vehicle armoring for the military, industrial and private sectors, and Arcon Security.”
Insitutional Activity: The institutional sentiment decreased to 1.15 in 2016 Q2. Its down 0.07, from 1.22 in 2016Q1. The ratio worsened, as 5 funds sold all Arotech Corporation shares owned while 8 reduced positions. 9 funds bought stakes while 6 increased positions. They now own 4.06 million shares or 61.11% more from 2.52 million shares in 2016Q1.
Renaissance Tech Lc owns 160,000 shares or 0% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX). Vanguard Gp last reported 0% of its portfolio in the stock. Geode Cap Mgmt Ltd Liability Corp holds 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 152,556 shares. Ladenburg Thalmann Financial Inc last reported 1,671 shares in the company. Sigma Planning Corporation holds 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 10,000 shares. Oxford Asset Management has invested 0.04% of its portfolio in Arotech Corporation (NASDAQ:ARTX). The Germany-based Deutsche Retail Bank Ag has invested 0% in Arotech Corporation (NASDAQ:ARTX). Cannell Lc holds 0.38% or 333,735 shares in its portfolio. Millennium Mngmt Lc holds 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 38,241 shares. Spark Invest Mgmt Ltd Limited Liability Company accumulated 0.04% or 158,800 shares. California Pub Employees Retirement Sys has 33,742 shares for 0% of their US portfolio. Ancora Advisors Lc accumulated 188,500 shares or 0.06% of the stock. Fny Managed Accounts Limited Com holds 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 26,200 shares. The New Jersey-based Blackrock Investment Mngmt Limited Liability Co has invested 0% in Arotech Corporation (NASDAQ:ARTX).
Insider Transactions: Since June 1, 2016, the stock had 3 buys, and 1 insider sale for $109,287 net activity. Cappell Kenneth W bought $8,490 worth of Arotech Corporation (NASDAQ:ARTX) on Wednesday, June 15. The insider Kutler Jon B bought 10,000 shares worth $26,000. The insider EHRLICH ROBERT S sold $30,250.
More notable recent Arotech Corporation (NASDAQ:ARTX) news were published by: Zacks.com which released: “3 Reasons Value Stock Investors Will Love Arotech Corporation (ARTX)” on March 31, 2016, also Prnewswire.com with their article: “Arotech Announces $3 Million Stock Investment by Admiralty Partners, Inc.” published on February 03, 2016, Zacks.com published: “Arotech Corp. (ARTX): The Best Growth Stock Under $10?” on April 19, 2016. More interesting news about Arotech Corporation (NASDAQ:ARTX) were released by: Streetinsider.com and their article: “Arotech Corp. (ARTX) Plans to Discontinue Iron Flow Storage Project Wok” published on August 22, 2016 as well as Streetinsider.com‘s news article titled: “Arotech Corp. (ARTX) Announces IDIQ Award Valued at up to $40M” with publication date: April 20, 2016.
ARTX Company Profile
Arotech Corporation, incorporated on December 20, 1990, is a defense and security services and products company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Firm operates through two divisions: Training and Simulation Division, and Power Systems Division. The Company’s Training and Simulation Division develops, makes and markets multimedia and interactive digital solutions for engineering, use-of-force training and operator training of military, law enforcement, security, emergency services and other personnel. The Company’s Power Systems Division provides battery solutions, energy management and power distribution technologies and product design and manufacturing services for the aerospace, defense, law enforcement, homeland security markets, and it makes and sells rechargeable batteries for defense and security products and medical and industrial applications.
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